BET
Betmakers Technology Group Ltd
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Company News
Betmakers Ends Transformational Year with Strong Financial Results and Positive Cash Flow
The three-month period to end June completed a transformational year for BetMakers Technology Group (ASX: BET), with investments in technology, product development and operational efficiency translating into strong financial results and positive cash flow. The company’s revenue rose to $22.6 million, representing an 8.9% increase on the previous quarter and more or less in line […]
BetMakers accelerates financial transformation strategy in drive toward profitability
Wagering specialist BetMakers Technology Group (ASX: BET) has accelerated its transformation strategy in a bid to move closer to profitability. The company has focused on lowering its cost base, exiting unprofitable contracts, restructuring operations and rebuilding its core technology platform to produce annual improvements in operating expenses and adjusted EBITDA. Key initiatives have included $5.1 […]
BlueBet and betr join forces to create competitive new wagering service
BlueBet (ASX: BBT) will join forces with online bookmaker betr in a move expected to create a larger and more competitive online wagering service for the Australian market. Under the terms of the merger, Bluebet will acquire NDT Pty Ltd (the owner of betr) by way of an asset purchase in return for the issue […]
ESG friendly versus sinful stocks: which ones perform the best?
In a new era in which environmental, social and governance (ESG) considerations have been enshrined in the way fundies pick their shares, the so-called ‘sin’ stocks had been largely discounted as relics of the past. Until Woolworths’ spin-off Endeavour Group (ASX: EDV) came along, that is. By virtue of Endeavour’s sheer size and pure-play focus […]
BetMakers signs wagering technology deals with Waterhouse Group
Racing data and analytics supplier BetMakers Technology Group (ASX: BET) has signed commercial agreements to build and operate new wagering products with companies linked to Australian racing identity Tom Waterhouse. BetMakers and its wholly-owned subsidiary BetMakers DNA Pty Ltd have agreed to provide technology, data and services for the newly-launched tomwaterhouse.com betting software app and […]
BetMakers and GVC Holdings form global racing partnership
BetMakers Technology Group (ASX: BET) has been backed by international betting giant GVC Holdings PLC with the duo agreeing to form a global racing partnership that involves rolling-out BetMakers’ proprietary technology and wagering products throughout Australia and other international markets. According to BetMakers, GVC is one of the world’s largest sports-betting and gaming groups and […]
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